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Changes in Relative Producer Prices in Yugoslavia 1971–80

  • Aleksander Bajt
Part of the International Economic Association Series book series (IEA)

Abstract

As earlier papers have emphasised, thé 1970s witnessed sudden, huge increases in world raw material prices, especially for oil and food. This must have contributed both to higher inflation and to shifts in the relative prices for individual countries’ exporters and/or importers of these products. There was a five-fold increase in producer prices in Yugoslavia between 1970 and 1980. Within this, prices of crude oil and gasoline increased by about 17 times, and of coal, electricity, iron and steel by five-eight times. Yet furniture and wood, finished textile products, shoes and machinery less than trebled in price.

Keywords

Foreign Trade Producer Price Price Function Domestic Prex World Prex 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Economic Association 1984

Authors and Affiliations

  • Aleksander Bajt
    • 1
  1. 1.University of LjubljanaSlovenia

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